When you allow banks to fractional reserve, you allow every bank to be bankrupt.
There’s not one bank in the world that participates in fractional reserve bank that could survive a bank run.
Banks are not safe, never have they been.
Discussion
This is why I keep telling everyone. The next round of stimulus will be so massive it will melt brains. And they’ll need YCC + UBI. And remember YCC = QE ♾️
What is YCC and UBI?
Yield Curve Control and Universal Basic Income
Yield curve control and universal basic income
Yield curve control and universal basic income
Yield curve control & Universal basic income
Your cousin’s cock and unbelievably bad idea
YCC is complete manipulation of interest rates where they are pegged at set rates. UBI free money!
Yield Curve Control
Universal Basic Income (Helicopter money)
Which is fiat voodoo magic also know as Modern Monetary Theory (MMT)
Let them go ahead and accelerate this
When we make cash a liability literally no one has any money, it’s all credit. The brain melt will be insane.
Im not that smart, but somehow I dont see them doing it. too many expect it. I suspect they will use cbdc in some way that no one has considered. not sure what that looks like, just a gut feeling at this point.
My uneducated guess is that saving accounts (liabilities) of defaulting commercial banks will be pushed on the balance sheet of the central Bank and converted to a CBDC.
FDIC insurance won't cover what's coming and people will gladly accept the deal.
The commercial banks will be able to restructure that way.
Spot on….
Fractional reserving isn’t a decision - it’s a natural state from an economy that runs on debt on money that can be easily counterfeiters by the state.
Only way to change the natural state is to replace the counterfeit money with one that can be held but not confiscated or counterfeited.
Good news for us is that we live in a time where it not only exists but there are fools who will willingly trade that shwag money for it. What a world!
Your post is getting a lot of eyes on it.
Added to the https://member.cash/hot feed
So true. The illusion of safety is the greatest weapon of those that seek to control you, when in fact, it is the complete opposite. Only you, through you’re own choices have the means to protect yourself and your property.